Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
U.S. construction faces strain amid worker shortages, material price hikes

U.S. construction faces strain amid worker shortages, material price hikes

Posted on December 9, 2024   |  

Labor shortages from immigration policies and rising material costs from proposed tariffs are creating challenges for the U.S. construction industry.

Undocumented workers make up over 13% of construction jobs nationally, with numbers exceeding 50% in states like California and Texas.

Mass deportations could worsen worker shortages, increase wages, delay projects, and reduce housing supply. 

Past deportations caused unfilled jobs, reduced productivity, and raised housing prices by 20%.

Tariffs, including a proposed 25% tax on Canadian goods and an existing 14.54% on softwood lumber, are expected to increase material costs.

Higher material prices are putting more pressure on the housing market, leading to higher construction expenses and slower project completion.



Previous Next